Why AMD Shares Are Rising

Shares of several companies in the broader technology sector, including Advanced Micro Devices, Inc. AMD, are trading higher on a continued rebound after the recent omicron-driven selloff.

Shares of semiconductors companies were also trading higher last week in sympathy with Micron Technology, Inc. MU after the company reported better-than-expected financial results and issued revenue guidance above estimates.

See Also: Why Carnival Shares Are Trading Lower Today

Advanced Micro Devices designs microprocessors for the computer and consumer electronics industries. The majority of the firm's sales are in the personal computer and data center markets via CPUs and GPUs.

AMD has a 52-week high of $164.46 and a 52-week low of $72.50.